Allocators

NIB Finances Solna Sustainable Life Science Centre

Stockholm (NordSIP) – The Nordic Investment Bank (NIB) has made an 8-yr loan of SEK 800 million to Hemsö Fastighets AB, the Swedish property company that owns, develops and manages buildings for community services in Sweden, Germany and Finland.

The unsecured loan is connected to the development of the Patienten 1 property in Hagastaden, in Stockholm. The property will accommodate the new St. Erik Eye hospital and is projected to become a centre for business, research and education in ophthalmology research and care. Vitartes, a company jointly owned by Hemsö, will develop the project.

NIB is an international financial institution whose membership extends to Denmark, Norway, Sweden, Finland and the Baltics and which finances sustainable private and public projects both within and outside member countries that improve competitiveness and the environment. NIB enjoys an AAA rating from Standard & Poor’s.

“The new ophthalmology centre is a cooperation between the healthcare, academia and business communities. The centre will provide new treatment options for patients, and will open up opportunities for researchers and support sector-specific knowledge transfer,” said NIB President & CEO Henrik Normann.

The Patienten property will be certified according to the silver level under the Swedish green building standard Miljöbyggnad. It is scheduled for completion in 2019.

“This long-term financing is very attractive for us as it will extend Hemsö’s overall loan maturity in our Swedish loan portfolio, which has proved challenging in the Swedish bond market,” said Hemsö CEO Nils Styf. “We are also proud that Hemsö is able to further diversify its investor base with a new lender that supports the company’s focus on social infrastructure and Life Science.”

Image © J. Lekavicius Shutterstock

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